D Orazio & Associates Inc. Sells 194 Shares of General Dynamics Corporation $GD

D Orazio & Associates Inc. reduced its holdings in shares of General Dynamics Corporation (NYSE:GD) by 21.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 724 shares of the aerospace company’s stock after selling 194 shares during the quarter. D Orazio & Associates Inc.’s holdings in General Dynamics were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP increased its holdings in General Dynamics by 783.3% during the 1st quarter. Quarry LP now owns 106 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 94 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of General Dynamics during the first quarter valued at approximately $33,000. NewSquare Capital LLC grew its holdings in General Dynamics by 64.7% during the second quarter. NewSquare Capital LLC now owns 112 shares of the aerospace company’s stock worth $33,000 after buying an additional 44 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in General Dynamics in the 2nd quarter valued at $35,000. Finally, Access Investment Management LLC bought a new position in General Dynamics during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 86.14% of the company’s stock.

Insider Transactions at General Dynamics

In other General Dynamics news, CEO Phebe N. Novakovic sold 129,090 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $313.57, for a total transaction of $40,478,751.30. Following the completion of the transaction, the chief executive officer owned 769,607 shares in the company, valued at $241,325,666.99. This trade represents a 14.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher J. Brady sold 8,150 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $321.18, for a total transaction of $2,617,617.00. Following the completion of the sale, the vice president directly owned 22,818 shares in the company, valued at approximately $7,328,685.24. This trade represents a 26.32% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 141,670 shares of company stock worth $44,543,236. 1.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on GD. Citigroup upped their target price on shares of General Dynamics from $348.00 to $368.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. UBS Group upped their price objective on shares of General Dynamics from $369.00 to $381.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. increased their price objective on shares of General Dynamics from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Wolfe Research boosted their target price on General Dynamics from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Melius Research raised General Dynamics to a “strong-buy” rating in a research report on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, General Dynamics currently has an average rating of “Moderate Buy” and an average target price of $350.89.

General Dynamics Stock Down 1.6%

General Dynamics stock opened at $343.98 on Friday. The firm has a 50 day moving average price of $336.48 and a 200-day moving average price of $309.06. The company has a quick ratio of 0.87, a current ratio of 1.40 and a debt-to-equity ratio of 0.29. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. The company has a market capitalization of $92.92 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.05 and a beta of 0.46.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.69 by $0.19. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company had revenue of $12.91 billion for the quarter, compared to analysts’ expectations of $12.49 billion. During the same quarter in the previous year, the firm posted $3.35 EPS. General Dynamics’s revenue was up 10.6% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. As a group, equities analysts predict that General Dynamics Corporation will post 14.83 EPS for the current year.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.